South Africa's very first multiple-party government from the post-apartheid period deals with critical threats as ANC and DA leaders fight about the national spending plan while South African money struggles in unstable political times. The…
South Africa: Talks With Keen Investors in State…
South Africa‘s government has started talks with private entities interested in buying into the country’s insolvent national carrier, which needs at least 10 billion rand ($583 million) to resume operations. A team from the Department…
Business: Massmart shares continue to benefit amid loss…
Massmart earnings tumbled 40 percent at some point of the 26 weeks to June as store income slumped on the Covid-19 lockdown pandemic fallout. Massmart, which operates 420 retail and wholesale stores in 13 sub-Saharan countries,…
Business: Kenya Airways sees demand drop in the…
Kenya Airways Plc expects demand for air tour for the rest of this year to be less than half of the level in 2019 due to the ongoing impact of the Covid-19 pandemic. The partly…
Business: AfDB Unanimously Reelected Adesina As President
Still in Position Akinwumi Adesina - a 60-year-old former Nigerian agriculture minister, was unanimously re-elected to serve as the President of the African Development Bank (AfDB) for a second term of five years. The winning…
Business: Adcock Ingram revenues grow to R7.3bn by…
South African pharmaceutical conglomerate Adcock Ingram said on Wednesday its turnover rose four percent to R7.3 billion (US$434.1 million) in the yr to June no matter a prevalent monetary downturn, sizable cost-push due to weakness…
Business: Online sales of Dis-Chem leap 344 %
Dis-Chem Pharmacies said on Tuesday in a buying and selling replace for the 24 weeks from March 1 to August 15, that it had skilled widespread online sales growth of 344 percent. The rapid deployment of…
Business: MTN appoints new CEO
Mobile operator MTN has appointed Ralph Mupita as its new team president and chief executive officer with effect from 1 September 2020. Mupita has served as the MTN Group chief financial officer on the grounds that April…
Business: Dis-Chem withdraws price fine appeal inflated
Dis-Chem on Friday urged its prison group to withdraw its appeal against the Competition Tribunal’s R1.2million quality for inflating the price of surgical masks, pronouncing it would as an alternative focus on meeting its customers’…
Business: Embattled Denel reports R1.7bn loss
State-owned fingers organization Denel recorded any other loss of R1.7billion for the 2019/20 monetary year due to a significant decline in revenue collection. This emerged when the Department of Public Enterprises seemed before the portfolio…
Business: Chairman of Tiger Brands to step down…
Tiger Brands said on Friday, Khotso Mokhele would step down as chairman of the board on December 31. Mokhele will be changed by means of Geraldine Fraser-Moleketi, a lead impartial director at mining company Exxaro,…
Business: Mastercard enhances security capabilities online
As digital commerce continues to speed up owing to the COVID-19 pandemic, Mastercard has introduced it will provide tokenization services to retailers with app, eCommerce, and ordinary billing card-on-file application in South Africa, further defending…
Business: Standard bank to avoid cheque issuance
Standard Bank announced on Wednesday it had determined to stop the issuing of cheques as of December 2020 following the a variety of restrict savings added by the South African Reserve Bank (SARB). The lender…
Business: MTN appoints Ralph Mupita to become CEO
MTN has announced the appointment of Ralph Mupita as the new CEO of MTN group replacing Rob Shutter who will be stepping down at the end of August Mupita the chief financial officer will start…
Business: South Africa recruits RMB for Airline Stake…
South Africa’s Rand Merchant Bank, the funding banking arm of FirstRand Ltd., has been appointed as an adviser to assist the government examine offers for stakes in its insolvent countrywide airline, according to two humans…
Business: The share price of Hulett jumps 13…
Tongaat Hulett’s share fee leapt more than 13percent on the JSE on Friday morning after the agriculture and agri-processing commercial enterprise narrowed its losses by using 79percent for the 12 months to cease March, benefiting…
Business: Absa gains as earnings take a huge…
Absa opened weaker on the JSE on Thursday after the bank flagged that its profits would probably take a massive hit in the six months to quit June. Absa said its revenue have been expected…
COVID-19: The impact on Nigeria’s airlines
Travelling between two factors in Nigeria can be time-consuming, so many human beings opt for air travel. It takes an hour to fly between Lagos, the industrial district, to Abuja, the federal capital, whilst the equal trip would take…
Business: Power cuts to dampen industry, consumer trust…
South Africa woke up to information of greater load shedding yesterday, with analysts warning a resurgence of power supply interruptions ought to derail South Africa’s monetary recuperation and stifle investments post Covid-19. Eskom started imposing…
